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want to buy more stores,” he adds.
But for every operator like Westwind that stays afloat, another is trapped. “Many franchisees would love to walk away, [but] they can't because the debt on these stores
http://www.wikidfranchise.org/20010425-want-fries
for a fortnight.
http://www.thestar.com/news/ontario/article/738792--province-puts-a-lid-on-payday-loans
Brought to you by WikidFranchise.org
Risks: Debt traps, Predatory lending practices, Preying on the economically poor, Register franchisees and franchisors, Canada, 20091215 Province puts
http://www.wikidfranchise.org/20091215-province-puts
Critics say payday loans trap consumers in a cycle of debt and a number of class-action lawsuits have been proposed, alleging payday lenders charge interest rates higher than the 60 per cent per
http://www.wikidfranchise.org/20040831-watchdog-curbs
.
The fat-fried snack firm — which at one time had nine New York outlets — is alleging trademark violation after moving to cancel the franchise agreement over $310,000-plus in unpaid fees and debts
http://www.wikidfranchise.org/20100618-krispy-kreme
of repeat cycles, and one loan after another at extremely high interest rates and finding yourself in a debt trap as a result of that, this model doesn't do anything."
The association's Whitelaw said
http://www.wikidfranchise.org/20041130-most-payday
by WikidFranchise.org
Risks: Bankruptcy was inevitable the moment the contract was signed, Blame the victim, Bullshit baffles brains, Business model had never created adequate investor returns, Debt traps
http://www.wikidfranchise.org/20111019-the-puck
resolution mechanism, Appropriate franchise law, Australian state franchise legislation, 2010, Debt traps, Dispute resolution means franchisee goes broke, Franchise Commissioner, Franchise Council
http://www.wikidfranchise.org/20101010-wa-franchisees
Had high sunk costs (debt-servicing needs) from paying a high franchise fee and had paid for an expensive fit out in a major shopping centre
Had many employees
Did not have the lease in their own
http://www.wikidfranchise.org/20060306-franchisees-struggle
, Churning (serial reselling), Confidence game, Credence goods: taking advantage of the innocents, Debt traps, Delusional or magical thinking, Development agents really just mini-franchisors
http://www.wikidfranchise.org/20101110-krispy-kreme
Air of desperation
Bankruptcy, both franchisee and spouse
Bankruptcy, first the company and then you personally
Broken relationships, ruined lives and alienated children
Bullying
Debt traps
Disgruntled
http://www.wikidfranchise.org/the-marriage:divorce-court
